đš Trump Media to Raise $12B â More Bitcoin Buys Coming? đ°
#Bitcoin #TrumpMedia #BTC #CryptoNews #TMTG
đą Trump Media & Technology Group (TMTG) just filed plans to raise up to $12 billion via a securities offering.
đ While the company hasnât disclosed specific use cases, many suspect more BTC purchases are on the horizon.
đ Key Highlights:
$1.44B from 55.8M shares to institutional investors
$1B via convertible notes
Flexibility in sale methods: direct, underwriters, dealers, etc.
đž Just last week, TMTG raised $2.5B â and used it to buy Bitcoin, with custody handled by Crypto.com & Anchorage Digital.
đ Corporate BTC adoption is gaining momentum fast. Will TMTG double down on its Bitcoin strategy?
đ All eyes on how this $12B war chest will be deployedâŠ